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Gourd-Futures69 t1_iybiygh wrote

Sounds like you’re good to go then, don’t research anymore and smash that buy button buddy

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VisualMod t1_iyb9bgj wrote

>No, you don't need to do anything special. Just buy calls and puts like you would with any other stock.

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StrawberryWaste3012 t1_iybaald wrote

Stocks have better options.

With a %75/25 Call/Put you can bet for and against anything simultaneously.

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ElTunaGrande OP t1_iybedba wrote

if there's one thing I've learned sports betting, it's never hedge

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andyk231 t1_iybjm2v wrote

As long as you don't hold til expiration and get exercised you will be good with calls and puts.

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mil11onorbust1 t1_iybonww wrote

depends on timeframe, and dont let them expire. Calls are a better vehicle for going up and puts just suck ass because of their greeks. Farther dated options are more stable and may net you in the long run more profits, I would know I play weeklys like a fool. Finally converted back to monthlys. there are some exotic option plays that require large amounts of capital but depending on strat will net money always. Also if you are a gambler then options are not for you, they are honestly worse then sports betting, you need to learn to curtail your greed. check the volume of the option and see whether or not a MM is just supplying it just because.

​

Learn the greeks or not and IV or not. In the long run you'll learn about them either way, welcome home fellow degen!

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VisualMod t1_iyb9awf wrote

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Ayoitsjoe t1_iybv1b7 wrote

Just don’t buy on margin. Puts have limited potential gains, but if bought on margin, can have unlimited loss potential. You can place covered calls. Which also have limited loss potential, but limited gains too. Call options are the most fun though. If you want to gamble, do some research on a few cheap stocks and buy some cheap 6 month to long calls. If you use RH, the options chains are preset, and you can scroll through them. If you use an online broker though, you can create you own options chain, but there’s no guarantee it will fill.

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BrainSqueezins t1_iybwv5w wrote

Start small, lose small.

Learn a little, see if you can do it reliably.

And for the love of Pete, stay away from margin while you are learning and ESPECIALLY if you are a gambler.

Only thing worse than betting when you don’t know the rules of the game is betting money you don’t have when you don’t know the rules of the game.

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ASaneDude t1_iycirv2 wrote

Check out binary options if you want sports-like payoffs.

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wallstreetbets-ModTeam t1_iycuavj wrote

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